Monday, October 26, 2015

Best US Town for Firefighters? Riverside California

I recently read an article in MSN money about the best place to live and the worst place to live for firefighters in this country. Riverside California, located in the County of Riverside just outside of Los Angeles between LA and Palm Springs has been listed as one of the best places to buy a home and to live large for firefighters. The median income for a firefighter is about $107,000,  that's about $78,000 more than the average worker. Residents of Riverside typically spend about 26% of their income on housing, making it extremely affordable based on the term "affordable housing" where homeowners should spend less than 30% of their income on housing.  Due to this income, nearly every firefighter can afford home prices high as $653,000, the majority of homes on the market.

The average listing price for a home in Riverside is currently $411,000 with a median sales price of $325,000. This makes it very easy to afford a home for those that live in Riverside, especially for firefighters. Sales prices have jumped nearly 5% over the last year.

 Inventory has gone up due to new construction, making more subdivisions, neighborhoods and suburbs affordable to a wide range of new homebuyers. The median house sizes about 1850 ft.² and the median days on the market is about 50. The median list price is gone up about 3% to $360,000, up from $349,900 one year ago.

 In the townhouse and condominium market, the median days on the market is about 49 with a median list price of $215,000, up 2% over last year. Total inventory has also increased by 51% over one year ago due to new construction and  new project developments.

Riverside also has excellent schools with the majority of elementary schools rating 7 and above. Middle school ratings offer a wide range from 10 to 3 and highschools are primarily 6, 7 and 9, especially for Martin Luther King Jr. High School.

For more information on real estate in Riverside California contact the expert and professional home buyer assistance of Tina Droessler with Ronald Christopher & Associates.
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